Stocks

BLOOMBERG European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy. Stocks were lackluster at the start of a week packed with major central bank policy decisions and corporate earnings, as investors fretted about the magnitude of further interest rate ...

BLOOMBERG European stocks gained, erasing an earlier decline, as Anglo American Plc helped lift the gauge while investors digested a slew of earnings reports. The Stoxx 600 Index gained 0.3% by on Thursday, with the basic resources sector leading gains, while tech stocks missed after Taiwan Semiconductor Manufacturing Co cut its outlook. Anglo American gained after the precious metals miner’s ...

BLOOMBERG A slide in tech behemoths soured the mood on Thursday as disappointing earnings cast doubt on the pillars of a record first-half for the Nasdaq 100 this year. Futures on the Nasdaq 100 fell 0.7% with Netflix Inc set for its biggest intraday decline since December after missing sales estimates and projecting third-quarter revenue that fell short of Wall ...

BLOOMBERG Domestic institutional investors are on track for their biggest monthly exodus from Indian stocks in two-and-a-half years, another warning sign on the longevity of the record rally in the $3.7 trillion market. Local funds, insurers and banks have sold a net $1.1 billion worth of shares so far in July, the most since February 2021, according to data compiled ...

BLOOMBERG The pound weakened and global bonds rallied after inflation in Britain slowed more than expected, reviving speculation about how many more times the Bank of England (BOE) will increase interest rates. Stocks in the UK and Europe advanced. The UK Consumer Prices Index was 7.9% higher than a year ago in June, a sharp drop from the 8.7% reading ...

BLOOMBERG In most countries, the currency turning from the world’s worst to best in the space of a month would be good news. Not in the largely dollarised economy of Zimbabwe, where the local dollar has recouped nearly half of its value against the US dollar after a 90% plunge this year. That’s hurting businesses selling goods using exorbitant exchange ...

BLOOMBERG A rally in European bonds gained steam on Tuesday after a key European Central Bank (ECB) official raised hopes that the end of the rate-hiking cycle is in view. Yields tumbled across the region, with those on Italian debt sinking 12 basis points after ECB Governing Council member Klaas Knot said monetary tightening beyond next week’s meeting is anything ...

BLOOMBERG Luxury and commodity stocks drove European stocks to their first decline in seven days on concerns about China’s sluggish economy. Investors prepared for the latest batch of earnings that’s handed Wall Street banks some of their best results even as other industries are poised to slump. Resources giants Anglo American Plc, Glencore Plc and Rio Tinto Plc dropped after ...

BLOOMBERG It’s too early go long euro-area stocks versus US peers again, according to JPMorgan Chase & Co strategists. “We believe there is another leg of underperformance ahead,” strategists led by Mislav Matejka wrote in a note on Monday, keeping an underweight view on euro-zone equities. The strategists expect further weakness ahead in the region, citing a worsening “growth-policy trade-off” ...

BLOOMBERG It’s been a week when almost everything rallied — from emerging markets to global bonds and the S&P 500 — all buoyed by faith that the Federal Reserve is finally winning the fight against inflation. While trading was subdued as second-quarter earnings started to roll in, the week is ending with blockbuster gains across asset classes. The first batch ...